Form 4: Apollo Global Management President James Zelter Reports Stock Sale to Cover Tax Obligations

James Zelter, President of Apollo Global Management, reports the sale of shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• James Zelter, President of Apollo Global Management, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 12, 2025, Zelter sold 35,198 shares of common stock at a price of $165.75 per share.
• This sale was conducted to satisfy tax obligations arising from the delivery of shares granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.
• Following the transaction, Zelter directly owns 5,058,164 shares of Apollo Global Management, Inc.
• Zelter also indirectly owns shares through Zelter APO Series LLC (999,940 shares), The James C. Zelter 2023 GRAT No. 1 (161,232 shares), and The James C. Zelter 2024 GRAT No.1 (621,165 shares).
• The reported amount includes 4,885,431 vested and unvested restricted stock units (RSUs) granted under the Plan, each representing the contingent right to receive one share of common stock.

Sentiment

Score: 6

Explanation: The document is neutral, reporting a routine stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates